Stocks spike to record highs as trade optimism, earnings provide spark

All three of the major averages closed at record highs on Monday as renewed trade hopes and strong earnings propelled stocks higher.

The Dow Jones Industrial Average gained 114 points, or 0.42 percent, to book its first record close since July 23. The S&P 500 and Nasdaq finished in record territory for a second straight day.

President Trump celebrated the records in a tweet : Stock Market hits RECORD HIGH. Spend your money well!

The record-setting day came after the Chinese Foreign Ministry said Trump and Chinese President Xi Jinping...